Economic Data Forecasts For The Weeks Of May 11 And 18

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of May 11

May 12

NFIB Small Business Optumism - April

96.4

96.4

Consumer Price Index - April

-0.6%

-0.4

-0.7

Core CPI

0.1

-0.1

-0.2

Treasury Budget - April

-$850B

-119.1

May 13

Producer Price Index - April

-0.3%

-0.2

-0.5

PPI less food, energy and trade services

0.2

-0.2

May 14

Initial Unemployment Claims

2500K

3169

2500

Export Prices - April

-2.3%

-1.6

-2.2

Import Prices

-3.9%

-2.1

-3.2

Import Prices, Ex-Petroleum

-0.5

-0.1

May 15

Retail Sales - April

-13.0%

-8.7

-11.6

Retail Sales, ex Autos

-9.0

-4.5

-8.6

NY Fed Manufacturing Index

-50.0

-78.2

-65.0

Industrial Production - April

-15.0%

-5

-11.5

Capacity Utilization

62.7

72.7

64.0

Business Inventories - March

-0.5%

-0.4

-0.3

Michigan Consumer Sentiment - May (p)

70.0

71.8

68.5

Week of May 18

May 18

NAHB Index - May

35

30

May 19

Housing Starts - April

0.950M

1.216

Building Permits

0.900

1.353

May 21

Philadelphia Fed Survey

-40.0

-56.6

Leading Indicators

-6.0%

-6.7

Existing Home Sales - April

4.350M

5.270